Global Palmitic Acid Market Growth 2023-2029

Palmitic acid is a saturated fatty acid commonly found in both animals and plants. It is a major component in the oils from palm trees, such as palm oil, palm kernel oil and coconut oil.

LPI (LP Information)' newest research report, the “Palmitic Acid Industry Forecast” looks at past sales and reviews total world Palmitic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Palmitic Acid sales for 2023 through 2029. With Palmitic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Palmitic Acid industry.

This Insight Report provides a comprehensive analysis of the global Palmitic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Palmitic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Palmitic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Palmitic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Palmitic Acid.

The global Palmitic Acid market size is projected to grow from US$ 237.7 million in 2022 to US$ 282.4 million in 2029; it is expected to grow at a CAGR of 282.4 from 2023 to 2029.

Global Palmitic Acid key players include Wilmar International, KLK Oleo, IOI Oleochemical, PT Sumi Asih Oleochemical, PT.Cisadane Raya Chemicals, etc. Global top five manufacturers hold a share about 60%. Southeast Asia is the largest market, with a share about 60%, followed by China, with a share about 25 percent. In terms of product, Fractionated Type is the largest segment, with a share about 75%. And in terms of application, the largest application is Soap & Detergent, followed by Cosmetics, Grease & Lubricant, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Palmitic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Distilled Type
    Fractionated Type

Segmentation by application
    Soap & Detergent
    Cosmetics
    Grease & Lubricant
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Wilmar International
    KLK Oleo
    IOI Oleochemical
    PT Sumi Asih Oleochemical
    PT.Cisadane Raya Chemicals
    Shuangma Chemical
    VVF
    Pacific Oleo
    Twin Rivers Technologies
    PT. Musim Mas
    Cailà & Parés
    PMC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Palmitic Acid market?
What factors are driving Palmitic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Palmitic Acid market opportunities vary by end market size?
How does Palmitic Acid break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Palmitic Acid Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Palmitic Acid Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Distilled Type
    Table 4. Major Players of Fractionated Type
    Table 5. Global Palmitic Acid Sales by Type (2018-2023) & (MT)
    Table 6. Global Palmitic Acid Sales Market Share by Type (2018-2023)
    Table 7. Global Palmitic Acid Revenue by Type (2018-2023) & ($ million)
    Table 8. Global Palmitic Acid Revenue Market Share by Type (2018-2023)
    Table 9. Global Palmitic Acid Sale Price by Type (2018-2023) & (USD/MT)
    Table 10. Global Palmitic Acid Sales by Application (2018-2023) & (MT)
    Table 11. Global Palmitic Acid Sales Market Share by Application (2018-2023)
    Table 12. Global Palmitic Acid Revenue by Application (2018-2023)
    Table 13. Global Palmitic Acid Revenue Market Share by Application (2018-2023)
    Table 14. Global Palmitic Acid Sale Price by Application (2018-2023) & (USD/MT)
    Table 15. Global Palmitic Acid Sales by Company (2018-2023) & (MT)
    Table 16. Global Palmitic Acid Sales Market Share by Company (2018-2023)
    Table 17. Global Palmitic Acid Revenue by Company (2018-2023) ($ Millions)
    Table 18. Global Palmitic Acid Revenue Market Share by Company (2018-2023)
    Table 19. Global Palmitic Acid Sale Price by Company (2018-2023) & (USD/MT)
    Table 20. Key Manufacturers Palmitic Acid Producing Area Distribution and Sales Area
    Table 21. Players Palmitic Acid Products Offered
    Table 22. Palmitic Acid Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 23. New Products and Potential Entrants
    Table 24. Mergers & Acquisitions, Expansion
    Table 25. Global Palmitic Acid Sales by Geographic Region (2018-2023) & (MT)
    Table 26. Global Palmitic Acid Sales Market Share Geographic Region (2018-2023)
    Table 27. Global Palmitic Acid Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 28. Global Palmitic Acid Revenue Market Share by Geographic Region (2018-2023)
    Table 29. Global Palmitic Acid Sales by Country/Region (2018-2023) & (MT)
    Table 30. Global Palmitic Acid Sales Market Share by Country/Region (2018-2023)
    Table 31. Global Palmitic Acid Revenue by Country/Region (2018-2023) & ($ millions)
    Table 32. Global Palmitic Acid Revenue Market Share by Country/Region (2018-2023)
    Table 33. Americas Palmitic Acid Sales by Country (2018-2023) & (MT)
    Table 34. Americas Palmitic Acid Sales Market Share by Country (2018-2023)
    Table 35. Americas Palmitic Acid Revenue by Country (2018-2023) & ($ Millions)
    Table 36. Americas Palmitic Acid Revenue Market Share by Country (2018-2023)
    Table 37. Americas Palmitic Acid Sales by Type (2018-2023) & (MT)
    Table 38. Americas Palmitic Acid Sales by Application (2018-2023) & (MT)
    Table 39. APAC Palmitic Acid Sales by Region (2018-2023) & (MT)
    Table 40. APAC Palmitic Acid Sales Market Share by Region (2018-2023)
    Table 41. APAC Palmitic Acid Revenue by Region (2018-2023) & ($ Millions)
    Table 42. APAC Palmitic Acid Revenue Market Share by Region (2018-2023)
    Table 43. APAC Palmitic Acid Sales by Type (2018-2023) & (MT)
    Table 44. APAC Palmitic Acid Sales by Application (2018-2023) & (MT)
    Table 45. Europe Palmitic Acid Sales by Country (2018-2023) & (MT)
    Table 46. Europe Palmitic Acid Sales Market Share by Country (2018-2023)
    Table 47. Europe Palmitic Acid Revenue by Country (2018-2023) & ($ Millions)
    Table 48. Europe Palmitic Acid Revenue Market Share by Country (2018-2023)
    Table 49. Europe Palmitic Acid Sales by Type (2018-2023) & (MT)
    Table 50. Europe Palmitic Acid Sales by Application (2018-2023) & (MT)
    Table 51. Middle East & Africa Palmitic Acid Sales by Country (2018-2023) & (MT)
    Table 52. Middle East & Africa Palmitic Acid Sales Market Share by Country (2018-2023)
    Table 53. Middle East & Africa Palmitic Acid Revenue by Country (2018-2023) & ($ Millions)
    Table 54. Middle East & Africa Palmitic Acid Revenue Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Palmitic Acid Sales by Type (2018-2023) & (MT)
    Table 56. Middle East & Africa Palmitic Acid Sales by Application (2018-2023) & (MT)
    Table 57. Key Market Drivers & Growth Opportunities of Palmitic Acid
    Table 58. Key Market Challenges & Risks of Palmitic Acid
    Table 59. Key Industry Trends of Palmitic Acid
    Table 60. Palmitic Acid Raw Material
    Table 61. Key Suppliers of Raw Materials
    Table 62. Palmitic Acid Distributors List
    Table 63. Palmitic Acid Customer List
    Table 64. Global Palmitic Acid Sales Forecast by Region (2024-2029) & (MT)
    Table 65. Global Palmitic Acid Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 66. Americas Palmitic Acid Sales Forecast by Country (2024-2029) & (MT)
    Table 67. Americas Palmitic Acid Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 68. APAC Palmitic Acid Sales Forecast by Region (2024-2029) & (MT)
    Table 69. APAC Palmitic Acid Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Europe Palmitic Acid Sales Forecast by Country (2024-2029) & (MT)
    Table 71. Europe Palmitic Acid Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. Middle East & Africa Palmitic Acid Sales Forecast by Country (2024-2029) & (MT)
    Table 73. Middle East & Africa Palmitic Acid Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Global Palmitic Acid Sales Forecast by Type (2024-2029) & (MT)
    Table 75. Global Palmitic Acid Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 76. Global Palmitic Acid Sales Forecast by Application (2024-2029) & (MT)
    Table 77. Global Palmitic Acid Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 78. Wilmar International Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 79. Wilmar International Palmitic Acid Product Portfolios and Specifications
    Table 80. Wilmar International Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 81. Wilmar International Main Business
    Table 82. Wilmar International Latest Developments
    Table 83. KLK Oleo Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 84. KLK Oleo Palmitic Acid Product Portfolios and Specifications
    Table 85. KLK Oleo Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 86. KLK Oleo Main Business
    Table 87. KLK Oleo Latest Developments
    Table 88. IOI Oleochemical Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 89. IOI Oleochemical Palmitic Acid Product Portfolios and Specifications
    Table 90. IOI Oleochemical Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 91. IOI Oleochemical Main Business
    Table 92. IOI Oleochemical Latest Developments
    Table 93. PT Sumi Asih Oleochemical Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 94. PT Sumi Asih Oleochemical Palmitic Acid Product Portfolios and Specifications
    Table 95. PT Sumi Asih Oleochemical Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 96. PT Sumi Asih Oleochemical Main Business
    Table 97. PT Sumi Asih Oleochemical Latest Developments
    Table 98. PT.Cisadane Raya Chemicals Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 99. PT.Cisadane Raya Chemicals Palmitic Acid Product Portfolios and Specifications
    Table 100. PT.Cisadane Raya Chemicals Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 101. PT.Cisadane Raya Chemicals Main Business
    Table 102. PT.Cisadane Raya Chemicals Latest Developments
    Table 103. Shuangma Chemical Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 104. Shuangma Chemical Palmitic Acid Product Portfolios and Specifications
    Table 105. Shuangma Chemical Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 106. Shuangma Chemical Main Business
    Table 107. Shuangma Chemical Latest Developments
    Table 108. VVF Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 109. VVF Palmitic Acid Product Portfolios and Specifications
    Table 110. VVF Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 111. VVF Main Business
    Table 112. VVF Latest Developments
    Table 113. Pacific Oleo Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 114. Pacific Oleo Palmitic Acid Product Portfolios and Specifications
    Table 115. Pacific Oleo Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 116. Pacific Oleo Main Business
    Table 117. Pacific Oleo Latest Developments
    Table 118. Twin Rivers Technologies Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 119. Twin Rivers Technologies Palmitic Acid Product Portfolios and Specifications
    Table 120. Twin Rivers Technologies Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 121. Twin Rivers Technologies Main Business
    Table 122. Twin Rivers Technologies Latest Developments
    Table 123. PT. Musim Mas Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 124. PT. Musim Mas Palmitic Acid Product Portfolios and Specifications
    Table 125. PT. Musim Mas Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 126. PT. Musim Mas Main Business
    Table 127. PT. Musim Mas Latest Developments
    Table 128. Cailà & Parés Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 129. Cailà & Parés Palmitic Acid Product Portfolios and Specifications
    Table 130. Cailà & Parés Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 131. Cailà & Parés Main Business
    Table 132. Cailà & Parés Latest Developments
    Table 133. PMC Basic Information, Palmitic Acid Manufacturing Base, Sales Area and Its Competitors
    Table 134. PMC Palmitic Acid Product Portfolios and Specifications
    Table 135. PMC Palmitic Acid Sales (MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 136. PMC Main Business
    Table 137. PMC Latest Developments
List of Figures
    Figure 1. Picture of Palmitic Acid
    Figure 2. Palmitic Acid Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Palmitic Acid Sales Growth Rate 2018-2029 (MT)
    Figure 7. Global Palmitic Acid Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Palmitic Acid Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Distilled Type
    Figure 10. Product Picture of Fractionated Type
    Figure 11. Global Palmitic Acid Sales Market Share by Type in 2022
    Figure 12. Global Palmitic Acid Revenue Market Share by Type (2018-2023)
    Figure 13. Palmitic Acid Consumed in Soap & Detergent
    Figure 14. Global Palmitic Acid Market: Soap & Detergent (2018-2023) & (MT)
    Figure 15. Palmitic Acid Consumed in Cosmetics
    Figure 16. Global Palmitic Acid Market: Cosmetics (2018-2023) & (MT)
    Figure 17. Palmitic Acid Consumed in Grease & Lubricant
    Figure 18. Global Palmitic Acid Market: Grease & Lubricant (2018-2023) & (MT)
    Figure 19. Palmitic Acid Consumed in Others
    Figure 20. Global Palmitic Acid Market: Others (2018-2023) & (MT)
    Figure 21. Global Palmitic Acid Sales Market Share by Application (2022)
    Figure 22. Global Palmitic Acid Revenue Market Share by Application in 2022
    Figure 23. Palmitic Acid Sales Market by Company in 2022 (MT)
    Figure 24. Global Palmitic Acid Sales Market Share by Company in 2022
    Figure 25. Palmitic Acid Revenue Market by Company in 2022 ($ Million)
    Figure 26. Global Palmitic Acid Revenue Market Share by Company in 2022
    Figure 27. Global Palmitic Acid Sales Market Share by Geographic Region (2018-2023)
    Figure 28. Global Palmitic Acid Revenue Market Share by Geographic Region in 2022
    Figure 29. Americas Palmitic Acid Sales 2018-2023 (MT)
    Figure 30. Americas Palmitic Acid Revenue 2018-2023 ($ Millions)
    Figure 31. APAC Palmitic Acid Sales 2018-2023 (MT)
    Figure 32. APAC Palmitic Acid Revenue 2018-2023 ($ Millions)
    Figure 33. Europe Palmitic Acid Sales 2018-2023 (MT)
    Figure 34. Europe Palmitic Acid Revenue 2018-2023 ($ Millions)
    Figure 35. Middle East & Africa Palmitic Acid Sales 2018-2023 (MT)
    Figure 36. Middle East & Africa Palmitic Acid Revenue 2018-2023 ($ Millions)
    Figure 37. Americas Palmitic Acid Sales Market Share by Country in 2022
    Figure 38. Americas Palmitic Acid Revenue Market Share by Country in 2022
    Figure 39. Americas Palmitic Acid Sales Market Share by Type (2018-2023)
    Figure 40. Americas Palmitic Acid Sales Market Share by Application (2018-2023)
    Figure 41. United States Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Canada Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Mexico Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 44. Brazil Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 45. APAC Palmitic Acid Sales Market Share by Region in 2022
    Figure 46. APAC Palmitic Acid Revenue Market Share by Regions in 2022
    Figure 47. APAC Palmitic Acid Sales Market Share by Type (2018-2023)
    Figure 48. APAC Palmitic Acid Sales Market Share by Application (2018-2023)
    Figure 49. China Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Japan Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 51. South Korea Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Southeast Asia Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 53. India Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Australia Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 55. China Taiwan Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Europe Palmitic Acid Sales Market Share by Country in 2022
    Figure 57. Europe Palmitic Acid Revenue Market Share by Country in 2022
    Figure 58. Europe Palmitic Acid Sales Market Share by Type (2018-2023)
    Figure 59. Europe Palmitic Acid Sales Market Share by Application (2018-2023)
    Figure 60. Germany Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 61. France Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 62. UK Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Italy Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Russia Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 65. Middle East & Africa Palmitic Acid Sales Market Share by Country in 2022
    Figure 66. Middle East & Africa Palmitic Acid Revenue Market Share by Country in 2022
    Figure 67. Middle East & Africa Palmitic Acid Sales Market Share by Type (2018-2023)
    Figure 68. Middle East & Africa Palmitic Acid Sales Market Share by Application (2018-2023)
    Figure 69. Egypt Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 70. South Africa Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Israel Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 72. Turkey Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 73. GCC Country Palmitic Acid Revenue Growth 2018-2023 ($ Millions)
    Figure 74. Manufacturing Cost Structure Analysis of Palmitic Acid in 2022
    Figure 75. Manufacturing Process Analysis of Palmitic Acid
    Figure 76. Industry Chain Structure of Palmitic Acid
    Figure 77. Channels of Distribution
    Figure 78. Global Palmitic Acid Sales Market Forecast by Region (2024-2029)
    Figure 79. Global Palmitic Acid Revenue Market Share Forecast by Region (2024-2029)
    Figure 80. Global Palmitic Acid Sales Market Share Forecast by Type (2024-2029)
    Figure 81. Global Palmitic Acid Revenue Market Share Forecast by Type (2024-2029)
    Figure 82. Global Palmitic Acid Sales Market Share Forecast by Application (2024-2029)
    Figure 83. Global Palmitic Acid Revenue Market Share Forecast by Application (2024-2029)

Wilmar International
KLK Oleo
IOI Oleochemical
PT Sumi Asih Oleochemical
PT.Cisadane Raya Chemicals
Shuangma Chemical
VVF
Pacific Oleo
Twin Rivers Technologies
PT. Musim Mas
Cailà & Parés
PMC

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape